In a step to alleviate the plight of millions of people affected by the 2008 Kosi floods, the Bihar government on Wednesday signed a $220-million agreement with the World Bank. The government will chip in with $39 million for the $259-million Bihar Kosi Flood Recovery Project aimed at supporting the State's recovery efforts, reducing risks of flooding and boosting emergency responses in the event of future disasters. At a function here, World...
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Rural job scheme minimum wage revised, risking inflation spiral by Ruhi Tewari & Asit Ranjan Mishra
In a move that brings relief to the rural workforce, but risks creating an inflation spiral, the government on Thursday revised the minimum wages paid for its flagship job guarantee scheme by linking them to the Consumer Price Index for agricultural labour (CPI-AL) for each individual state. Such a price spiral, in case it actually emerges, could roil the electoral prospects of the Congress in the key contests to the state...
More »Food security act should have provision for distribution of millets: MS Swaminathan
Eminent scientist M S Swaminathan has said the new National Food Security Act should include a provision for distribution of millets through the public distribution system. This measure will be implemented keeping in mind the possible reductions in yield of rice and wheat due to climate change. Speaking at a climate change symposium during the 98th Indian Science Congress 2011 held at SRM University on Wednesday, Swaminathan elaborated on the...
More »Swaminathan: document indigenous climate-resilient farming knowledge
Agriculture scientist M.S. Swaminathan called on Wednesday for documenting indigenous farming knowledge which coped with monsoon vagaries. In earlier days when there was no irrigation, farmers were prepared for floods and droughts. The climate-resilient farming was a way of life in those days, and people went in for mixed cropping. Dr. Swaminathan said a publication could be brought out on procedures adopted by farmers and how effective they were in coping with...
More »Lessons for micro-finance from 2010 by Subir Roy
The year 2010 was a tumultuous one for micro-finance institutions (MFIs) in India. It began with the highly successful SKS Microfinance public issue, which prompted other prominent MFIs to announce similar plans. It ended with the tumult in Andhra Pradesh which was marked by the state’s legislation to regulate the sector, severely impairing its ability to survive. MFI recoveries are down and they, in turn, have fallen behind in their...
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